1ST SOURCE CORP 8-K
Research Summary
AI-generated summary
1st Source Corp Announces Executive Chairman Undergoing Cancer Treatment
What Happened
On February 23, 2026, 1st Source Corporation (SRCE) filed a Current Report on Form 8-K announcing that Executive Chairman Christopher J. Murphy III is undergoing cancer treatment. Mr. Murphy told shareholders he plans to work remotely for at least the next nine weeks. The shareholder letter is attached to the filing as Exhibit 99.1.
Key Details
- Filing date: February 23, 2026 (Form 8-K).
- Executive affected: Christopher J. Murphy III, Executive Chairman of 1st Source Corporation and 1st Source Bank.
- Planned work arrangement: will work remotely for at least nine weeks while undergoing cancer treatment.
- Supporting document: Letter to shareholders included as Exhibit 99.1 in the filing.
Why It Matters
This disclosure informs investors about the health and availability of the company’s Executive Chairman. The filing does not state any formal change in leadership, a temporary replacement, or alterations to executive responsibilities beyond the remote work plan. Investors should note the company has disclosed the situation and monitor future announcements for updates on Mr. Murphy’s health, any operational impacts, or changes to executive coverage.